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All the Nordic and Baltic states are concerned about the deteriorating security situation in northern Europe. Most of all, military tensions in the Baltic region engender a collective threat perception vis-à-vis Russia. The pressure to respond is boosting a historically rooted security cooperation between the Nordic and Baltic states. A shifting of priorities is becoming apparent within the institutional cooperation, which is moving from a forum of exchange towards a shared framework of action. The countries involved are responding to traditional military threats and new security challenges with intensified and innovative cooperation. This problem-driven Nordic-Baltic security cooperation could also serve as a model for other regional formats, such as the Visegrád Group. (author's abstract)